2015 Q4 Form 10-Q Financial Statement
#000156459015011337 Filed on December 08, 2015
Income Statement
| Concept | 2015 Q4 | 2014 Q4 |
|---|---|---|
| Revenue | $143.2M | $108.4M |
| YoY Change | 32.09% | -22.15% |
| Cost Of Revenue | $87.00M | $73.61M |
| YoY Change | 18.2% | -9.53% |
| Gross Profit | $56.22M | $34.84M |
| YoY Change | 61.35% | -39.87% |
| Gross Profit Margin | 39.24% | 32.13% |
| Selling, General & Admin | $31.70M | $22.60M |
| YoY Change | 40.27% | -18.87% |
| % of Gross Profit | 56.39% | 64.87% |
| Research & Development | $2.700M | $1.500M |
| YoY Change | 80.0% | 14.94% |
| % of Gross Profit | 4.8% | 4.31% |
| Depreciation & Amortization | $10.10M | $6.900M |
| YoY Change | 46.38% | 25.45% |
| % of Gross Profit | 17.97% | 19.8% |
| Operating Expenses | $34.50M | $24.01M |
| YoY Change | 43.72% | -17.69% |
| Operating Profit | $21.72M | $10.84M |
| YoY Change | 100.42% | -62.34% |
| Interest Expense | -$2.300M | $2.914M |
| YoY Change | -178.93% | 42.42% |
| % of Operating Profit | -10.59% | 26.89% |
| Other Income/Expense, Net | $0.00 | -$2.905M |
| YoY Change | -100.0% | 45.1% |
| Pretax Income | $19.50M | $7.930M |
| YoY Change | 145.9% | -70.38% |
| Income Tax | $7.000M | $2.839M |
| % Of Pretax Income | 35.9% | 35.8% |
| Net Earnings | $12.47M | $5.050M |
| YoY Change | 146.85% | -70.27% |
| Net Earnings / Revenue | 8.7% | 4.66% |
| Basic Earnings Per Share | $0.23 | $0.09 |
| Diluted Earnings Per Share | $0.22 | $0.09 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 54.45M | 53.55M |
| Diluted Shares Outstanding | 55.67M | 54.65M |
Balance Sheet
| Concept | 2015 Q4 | 2014 Q4 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $54.10M | $64.40M |
| YoY Change | -15.99% | 21.74% |
| Cash & Equivalents | $54.06M | $64.37M |
| Short-Term Investments | ||
| Other Short-Term Assets | $23.30M | $25.60M |
| YoY Change | -8.98% | 36.17% |
| Inventory | $100.9M | $99.20M |
| Prepaid Expenses | ||
| Receivables | $50.20M | $51.41M |
| Other Receivables | $6.400M | $4.200M |
| Total Short-Term Assets | $234.9M | $244.9M |
| YoY Change | -4.09% | 8.55% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $138.4M | $134.0M |
| YoY Change | 3.26% | 30.01% |
| Goodwill | $14.11M | |
| YoY Change | ||
| Intangibles | $3.891M | |
| YoY Change | 7.16% | |
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $6.700M | $19.04M |
| YoY Change | -64.82% | 88.1% |
| Total Long-Term Assets | $288.9M | $171.1M |
| YoY Change | 68.88% | 46.4% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $234.9M | $244.9M |
| Total Long-Term Assets | $288.9M | $171.1M |
| Total Assets | $523.8M | $416.0M |
| YoY Change | 25.92% | 21.46% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $31.30M | $23.85M |
| YoY Change | 31.23% | -47.95% |
| Accrued Expenses | $44.00M | $15.11M |
| YoY Change | 191.16% | -61.35% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $6.300M | |
| YoY Change | ||
| Total Short-Term Liabilities | $86.20M | $59.02M |
| YoY Change | 46.05% | -36.29% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $169.3M | $175.0M |
| YoY Change | -3.26% | 75.0% |
| Other Long-Term Liabilities | $9.600M | $11.02M |
| YoY Change | -12.86% | 0.19% |
| Total Long-Term Liabilities | $178.9M | $11.02M |
| YoY Change | 1523.85% | 0.19% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $86.20M | $59.02M |
| Total Long-Term Liabilities | $178.9M | $11.02M |
| Total Liabilities | $298.5M | $256.3M |
| YoY Change | 16.48% | 21.17% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | $117.3M | |
| YoY Change | 126.11% | |
| Common Stock | $214.6M | |
| YoY Change | 4.05% | |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | $172.3M | |
| YoY Change | 35.43% | |
| Treasury Stock Shares | $15.56M | |
| Shareholders Equity | $225.3M | $159.7M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $523.8M | $416.0M |
| YoY Change | 25.92% | 21.46% |
Cashflow Statement
| Concept | 2015 Q4 | 2014 Q4 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $12.47M | $5.050M |
| YoY Change | 146.85% | -70.27% |
| Depreciation, Depletion And Amortization | $10.10M | $6.900M |
| YoY Change | 46.38% | 25.45% |
| Cash From Operating Activities | $6.200M | -$14.20M |
| YoY Change | -143.66% | -384.0% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | -$10.50M | -$6.700M |
| YoY Change | 56.72% | -52.48% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $3.400M | $1.500M |
| YoY Change | 126.67% | 1400.0% |
| Cash From Investing Activities | -$7.000M | -$5.200M |
| YoY Change | 34.62% | -63.12% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -500.0K | 400.0K |
| YoY Change | -225.0% | -100.47% |
| NET CHANGE | ||
| Cash From Operating Activities | 6.200M | -14.20M |
| Cash From Investing Activities | -7.000M | -5.200M |
| Cash From Financing Activities | -500.0K | 400.0K |
| Net Change In Cash | -1.300M | -19.00M |
| YoY Change | -93.16% | -79.68% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $6.200M | -$14.20M |
| Capital Expenditures | -$10.50M | -$6.700M |
| Free Cash Flow | $16.70M | -$7.500M |
| YoY Change | -322.67% | -139.27% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2014Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.49 | ||
| CY2015Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.22 | |
| CY2014Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.48 | ||
| CY2015Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55668000 | |
| CY2015Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54447000 | |
| CY2014Q4 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
53545000 | |
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54333000 | ||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-190000 | |
| us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-306000 | ||
| CY2015Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
12276000 | |
| CY2014Q4 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
5050000 | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
26572000 | ||
| CY2015Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.23 | |
| CY2014Q4 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
54651000 | |
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55621000 | ||
| us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-1022000 | ||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-302000 | |
| us-gaap |
Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
|
-483000 | ||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-112000 | |
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
21066000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-19000 | ||
| us-gaap |
Increase Decrease In Accrued Salaries
IncreaseDecreaseInAccruedSalaries
|
5872000 | ||
| us-gaap |
Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
|
-177000 | ||
| swhc |
Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
|
-72000 | ||
| us-gaap |
Net Income Loss
NetIncomeLoss
|
19606000 | ||
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-483000 | ||
| CY2015Q4 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
|
-302000 | |
| us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
19606000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5199000 | ||
| us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3247000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
24002000 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
10700000 | ||
| CY2015Q4 | swhc |
Long Term Notes Payable Net Of Debt Issuance Costs
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|
169282000 | |
| CY2015Q2 | swhc |
Long Term Notes Payable Net Of Debt Issuance Costs
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|
170933000 | |
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3247000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
22761000 | ||
| us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2801000 | ||
| us-gaap |
Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
-3428000 | ||
| us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-6873000 | ||
| us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
9622000 | ||
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
587000 | ||
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Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2786000 | ||
| us-gaap |
Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
|
-397000 | ||
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Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
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Increase Decrease In Accrued Salaries
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|
-9012000 | ||
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Increase Decrease In Property And Other Taxes Payable
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|
-682000 | ||
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Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
|
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Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
-2513000 | ||
| us-gaap |
Increase Decrease In Deferred Compensation
IncreaseDecreaseInDeferredCompensation
|
-8560000 | ||
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Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1671000 | ||
| us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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Product Warranty Accrual Period Increase Decrease
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-184000 | ||
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Product Warranty Accrual Period Increase Decrease
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|
-459000 | ||
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Payments For Proceeds From Productive Assets
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|
-4222000 | ||
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|
-1204000 | ||
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Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
41000 | ||
| us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
40000 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
61000 | ||
| us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
30040000 | ||
| us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
988000 | ||
| us-gaap |
Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
|
1074000 | ||
| us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
770000 | ||
| us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-306000 | ||
| us-gaap |
Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
|
1690000 | ||
| swhc |
Provision For Or Recoveries Of Doubtful Accounts
ProvisionForOrRecoveriesOfDoubtfulAccounts
|
230000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
156000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
137000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-1273000 | ||
| us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
596000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
136000 | ||
| us-gaap |
Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
|
1074000 | ||
| us-gaap |
Proceeds And Excess Tax Benefit From Sharebased Compensation
ProceedsAndExcessTaxBenefitFromSharebasedCompensation
|
197000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
3245000 | ||
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
68860000 | |
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
11842000 | ||
| us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-4487000 | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
5100000 | ||
| us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
12983000 | ||
| us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
54188000 | ||
| us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.36 | ||
| us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.35 | ||
| us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
55435000 | ||
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
1758000 | ||
| us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
|
1432000 | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1690000 | ||
| us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1107000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
18352000 | ||
| us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
21200000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-14164000 | ||
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
105000000 | ||
| us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
75000000 | ||
| us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
101575000 | ||
| us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
86000 | ||
| us-gaap |
Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
-43910000 | ||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1024000 | ||
| us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
298000 | ||
| us-gaap |
Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
|
84000 | ||
| us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
225000 | ||
| us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2333000 | ||
| us-gaap |
Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
|
298000 | ||
| us-gaap |
Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
42851000 | ||
| CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
64373000 | |
| us-gaap |
Interest Paid
InterestPaid
|
3106000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
11682000 | ||
| us-gaap |
Interest Paid
InterestPaid
|
9271000 | ||
| us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
24936000 | ||
| us-gaap |
Nature Of Operations
NatureOfOperations
|
<div> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-size:12pt;"> </p> <p style="margin-top:2pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(1) Organization: </p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">We are one of the world’s leading manufacturers of firearms. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and single shot rifles), handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. We are one of the largest manufacturers of handguns, modern sporting rifles, and handcuffs in the United States and an active participant in the hunting rifle market. As a result of an acquisition, we are now also a leading provider of shooting, reloading, gunsmithing, and gun cleaning supplies. We sell our products under the Smith & Wesson<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, M&P<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, Thompson/Center Arms<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, Caldwell<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Shooting Supplies, Wheeler<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Engineering, Tipton<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Gun Cleaning Supplies, Frankford Arsenal<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, Lockdown<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Vault Accessories, Hooyman Saws<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, BOG-POD<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font>, and Golden Rod<font style="font-size:8.5pt;"><sup style="font-size:85%; vertical-align:top">®</sup></font> Moisture Control brands. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We manufacture our firearm products at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut, and we develop and market our accessories products at our facility in Columbia, Missouri. We plan to continue to capitalize on the goodwill developed through our historic 163 year old “Smith & Wesson” brand as well as our other well-known brands by expanding consumer awareness of the products we produce. </p> <p style="margin-top:14pt;margin-bottom:0pt;text-indent:5.3%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On May 5, 2014, we acquired substantially all of the net assets of Tri-Town Precision Plastics, Inc., or TTPP, which we refer to as the DRP Acquisition. <font style="color:#000000;">On December 11, 2014, we acquired all of the issued and outstanding stock of Battenfeld Acquisition Company Inc., including its wholly owned subsidiary, Battenfeld Technologies, Inc., or BTI, which we refer to as the BTI Acquisition. See Note 3 – </font><font style="font-style:italic;color:#000000;">Acquisitions </font><font style="color:#000000;">below for more information regarding these transactions. These acquisitions have been accounted for in accordance with ASC 805-20, </font><font style="font-style:italic;color:#000000;">Business Combinations,</font><font style="color:#000000;"> and, accordingly, the results of operations from the acquired businesses have been included in our consolidated financial statements following the acquisition dates.</font></p></div> | ||
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2078463 | |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.76 | |
| CY2015Q2 | us-gaap |
Cumulative Effect Of New Accounting Principle In Period Of Adoption
CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption
|
-4100000 | |
| CY2015Q4 | us-gaap |
Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
|
12000000 | |
| us-gaap |
Goodwill Period Increase Decrease
GoodwillPeriodIncreaseDecrease
|
631000 | ||
| us-gaap |
Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
|
2020-06-15 | ||
| us-gaap |
Line Of Credit Facility Interest Rate Description
LineOfCreditFacilityInterestRateDescription
|
The Revolving Line provides for availability until June 15, 2020 for general corporate purposes, with borrowings to bear interest at a variable rate equal to LIBOR or prime plus an applicable margin based on our consolidated leverage ratio, at our election. | ||
| CY2015Q2 | swhc |
Percentage Of Interest Rate Protection
PercentageOfInterestRateProtection
|
0.75 | |
| CY2015Q4 | us-gaap |
Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
|
483000 | |
| swhc |
Maximum Consolidated Coverage Ratio
MaximumConsolidatedCoverageRatio
|
3.00 | ||
| swhc |
Minimum Consolidated Coverage Ratio
MinimumConsolidatedCoverageRatio
|
1.00 | ||
| CY2015Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
54736000 | |
| CY2015Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
28240000 | |
| CY2015Q4 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
29507000 | |
| CY2015Q2 | us-gaap |
Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
|
34269000 | |
| CY2015Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
8244000 | |
| CY2015Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
7492000 | |
| CY2015Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
8410000 | |
| CY2015Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
6894000 | |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
80224000 | |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
12916000 | |
| CY2015Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
67308000 | |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
81270000 | |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
7950000 | |
| CY2015Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
73320000 | |
| CY2015Q4 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
80719000 | |
| CY2015Q2 | us-gaap |
Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
|
81718000 | |
| us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P6Y | ||
| us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
537000 | ||
| CY2015Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
2800000 | |
| CY2014Q4 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
376000 | |
| CY2015Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
50000000 | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
0 | ||
| CY2015Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1221000 | |
| CY2014Q4 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1106000 | |
| CY2015Q4 | swhc |
Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
|
-0.01 | |
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1288000 | ||
| us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1247000 | ||
| swhc |
Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
|
-0.01 | ||
| swhc |
Per Common Share Effect Of Dilutive Stock Awards
PerCommonShareEffectOfDilutiveStockAwards
|
-0.01 | ||
| swhc |
Number Of Stock Option Plans
NumberOfStockOptionPlans
|
2 | ||
| CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1879630 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2258349 | |
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
182498 | ||
| us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
166886 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
13000 | ||
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1697132 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y9M7D | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y5M27D | ||
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1697132 | |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1986465 | |
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y9M7D | ||
| us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y4M24D | ||
| CY2015Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.37 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
6.47 | |
| CY2014Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
5.31 | |
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
5.41 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
2.55 | ||
| us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
5.59 | ||
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
6.47 | |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
5.79 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
19300000 | |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
9300000 | |
| CY2015Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
19300000 | |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableAggregateIntrinsicValue
|
9100000 | |
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1900000 | ||
| us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
1300000 | ||
| CY2015Q4 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
|
0 | |
| us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
92249 | ||
| us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
79291 | ||
| swhc |
Share Based Compensation Arrangement By Share Based Payment Award Performance Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformancePeriod
|
P3Y | ||
| swhc |
Share Based Compensation Percentage Of Target Award Granted For Calculating Maximum Aggregate Award Of Performance Share
ShareBasedCompensationPercentageOfTargetAwardGrantedForCalculatingMaximumAggregateAwardOfPerformanceShare
|
2.00 | ||
| CY2015 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.05 | |
| CY2014 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.10 | |
| CY2013 | swhc |
Percentage Of Stock Outperform In Order For Target Award To Vest
PercentageOfStockOutperformInOrderForTargetAwardToVest
|
0.10 | |
| swhc |
Number Of Product Liability Cases
NumberOfProductLiabilityCases
|
8 | ||
| swhc |
Number Of Other Product Liability Claims
NumberOfOtherProductLiabilityClaims
|
8 | ||
| CY2015Q4 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
675000 | |
| CY2015Q2 | us-gaap |
Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
|
675000 | |
| CY2014Q2 | us-gaap |
Escrow Deposit
EscrowDeposit
|
3000000 | |
| CY2015Q4 | swhc |
Cash Released From Escrow Account
CashReleasedFromEscrowAccount
|
1100000 | |
| CY2014Q2 | swhc |
Escrow Deposit Remaining Amount
EscrowDepositRemainingAmount
|
1400000 | |
| CY2014Q4 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
| us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 |
